More property info for 1212 16th St Ne
- We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.
- Appliances: Dishwasher, Disposal, Washer, Dryer, Refrigerator, Oven
- Architectural Style: Federal
- Basement Type: Rear Entrance, Sump Pump, Other
- Flooring Type: Laminated
- Foundation Details: Other
- Living Area SQFT: 2640
- Lot Size Acres: 0.07
- Lot SQFT: 3041.00
- Navigable Water YN: No
- Parking Features: Fenced
- Roof: Flat
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- Cooling Fuel: Natural Gas
- Cooling Type: Central A/C
- Heating Type: Forced Air
- Hot Water: Natural Gas
- Sewer Septic: Public Sewer
- Utilities: Natural Gas Available, Water Available, Electric Ava
- Water Source: Public
- Co List Agent Full Name: Margaret M. Babbington
- List Agent Full Name: Noel P Sesay
- List Office Name: Compass
- List Office Phone: 2023866330
1212 16th St Ne Map Location
Monthly Payment for 1212 16th St Ne
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
| Loan Type: |
30 year fixed at 7.00% |
| Price: |
$1,099,000 |
| Down Payment: |
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$219,800
(20%)
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| Loan Amount: |
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$879,200 |
| Principal & Interest: |
+ |
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| Property Taxes: |
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(1.5%) |
| Homeowner's Insurance: |
+ |
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| Mortgage Insurance - PMI: |
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| Total Payment: |
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Listing courtesy of Compass
Information obtained from Bright MLS is current as of 4/29/2024 3:34 PM.
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